on 08-22-2008 9:44 AM
Hello,
I have a doubt regarding tax posting in credit memo.
When we create an invoice , let us say we charged 12% of tax of final price $1000, means $120/-, which will post to a seperate account.
when we create a credit memo with reference to the invoice I don't find a tax condition in that. While posting the credit memo the accounting entires from the invoice will be nullified by the credit posting, but what about tax?
Prase
It certainly has to do with the setting Pricing Type in Copy Control.
Billing to Sales Order (F2 --> RE): VTAF
Regards,
Rajesh Banka
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Check your copy control in billing and see the pricing type. This should solve your issue.
regards
Jude
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Dear Prasanth
If original invoice have tax conditions, then In Credit Memo also, tax values will flow.
thanks
G. Lakshmipathi
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